EURUSD

A case might be made that most (if not all) charts are interpreted on individual bias(read wishes) Even the banks with all their resources keep feeding us conflicting opinions while looking at the same chart..

My strongest argument for a bounce up is where the fall stalled(fib) and how dips are being bought. Lines can really be drawn anywhere

I will eat humble pie and take the loss if a week closes firmly below 1.345-1.35

From Now Long Only on EU, buying dips..

Great opp. now.

Short term Target 1.40-1.42..

it's still early..and the price has already reached to S3..what can we expect next..?

you could be right as saxo just send out a sell € entry 1.3696 tp 1.3591 sl 1.3731.

Breaking news source ft.com

Germany backs IMF bail-out for Greece
Greece will have to turn to the International Monetary Fund if it needs financial assistance to back its austerity programme, rather than to fellow members of the eurozone, the German government has decided.

After weeks of stormy internal debate, legal advisers to Angela Merkel, the chancellor, have persuaded her that any other form of bail-out would be impossible in terms of the European Union’s Maastricht treaty and German constitutional law.

bounce....closed half shorts, will add shorts above 3735

My news says:

(IGM)[GREECE] will not seek help from the IMF in early April, a Fin Min official said, denying a Dow...

[GREECE] will not seek help from the IMF in early April, a Fin Min official said, denying a Dow Jones report. The report suggested that the traditional egg hunt will turn into a cash hunt over the Easter weekend if the EU summit at the end of March fails to deliver any concrete results on Greek aid. Recall that a Eur8.5 bn redemption is due on Apr 20 with more to follow in May, putting Greece under pressure to sort out its cash situation beforehand although note that the country has raised Eur13 bn via syndication this year without too much difficulty. Meanwhile, the EU will take Greece to court over failing to refund unduly paid VAT and other taxes, the Commission said. Adding to Greek trouble, Q4 unemployment climbed to 10.3% in Q4 from 9.3% and looks set to rise until the end of the year as tightening measures put further strain on the ailing economy. 11:31 GMT - [EUROPEAN FX MORNING ROUNDUP] US CPI, C/A and jobless claims data as well as a plethora of official speakers are still to come. Players will be hoping these events can stir greater activity in the second half of the session.

"EUR is down because Greece Prime minister denied that Greece seeking

aid from IMF" Another BS story

Well I'm buying differently not on the one spot so I don't care about 50-100 pips.

If it goes down more I buy more.. Dollar is done.. Bull is over.

Another important figure would be this months close


which side of 1.3620 it will close might be the 1000 pip question

bunch of news coming out...the bailout, only if rumours with expected strong us news, maybe time to short?anyone gonna play this?i m tempted

As expected 212419 Could see some consolidation here with some stop hunt

What is the saying... Markets can remain...

Nahh, maybe 200 pip question not 1000

buy low sell high...

US SOVEREIGN RATING/PIMCO: A downgrade of the U.S. AAA rating
just a matter of when, says PIMCO's head of global portfolio
management Scott Mather. Nothing's on the horizon that would
lessen the risk of that downgrade, though it's not going to
happen for a couple more years. Meanwhile, the markets will
start to differentiate to a greater degree among countries
according to their soverereign risk, he said. Germany, Canada
and Australia are among the winners in that regard. See Yali
N'Diaye's exclusive interview on the MNI main wire.

Provided by: Market News International

i'm playing this one hope it pays!

how far would you this it is reasonable to have a SL? mine is at 25 but not confortable with it because:

-too big for my plan
-bellow 50+slippage don't see a lot of demand areas (maybe the weekly minimum can offer some support but would rather close at 45 to buy again at 40...

hapipipin

Since EUR is weak for now, yes you can play EU on short for quick dip.

While I set my Limit orders to grab that dip.

After that deep it's going to go above 1.3815

Check my 4H chart above. Ride the waves..

SkyzerFX you really think EUR is down because of Greece.

dow looks very ready to fall next week, oil pricing it in as well....

Depends on your time frame and profit targets. Currently @ 1.3670 I feel there is more potential to the upside than the down.

@ 1.3670 I feel 1.3440 would be the bottom (potential profit 230)
@ 1.3670 I feel 1.4030 would be the top (potential profit 330)

Bigger potential upside reward with a lower risk.